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US Stocks Touch Intraday Record As Trump Administration Reaches Bilateral Trade Deal With Mexico

Aug 27, 2018

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US Market Snapshot

  • US stocks are trading in the black today, hitting all-time intraday highs, following the announcement that the Trump Administration has reached a bilateral trade deal with Mexico. Positive sentiment has rolled over from last Friday after Fed Chairman Powell's speech at the Jackson Hole economic symposium, which investors have viewed as dovish in tone
  • The S&P 500 is currently up 0.78%, Nasdaq Composite is up 0.94%, and Russell 2000 is up 0.52%
  • Materials (+1.7%), Financials (+1.61%), and Industrials (+1.26%) stocks are the top performers in the S&P 500 today
  • Consumer Staples (+0.05%), Real Estate (-0.45%), and Utilities (-0.88%) stocks are the worst performers in the S&P 500 today
  • Investor sentiment for US stocks is positive with the advance/decline ratio for the S&P 500 currently at 2.7x
  • 75 stocks in the S&P500 are at 4-week highs while 16 stocks are at 4-week lows
  • 42 stocks in the S&P 500 are overbought while 3 stocks are oversold according to the 16-day RSI Measure
  • 216 stocks in the Nasdaq Composite are at 4-week highs while 78 stocks are at 4-week lows
  • 416 stocks in the Nasdaq Composite are overbought while 118 stocks are oversold according to the 16-day RSI Measure
  • The VIX is currently little changed at 12.34 from yesterday's close of 11.99

Stocks Trending in the News

Click name for Q-Factor rating and financials data.

  • Advanced Micro Devices (AMD) shares are advancing 9.34% to $26.23 after the company released its new Radeon Pro V340 GPU card over the weekend. AMD has traded higher for 7 consecutive sessions. Advanced Micro Devices is rated as ‘Neutral’ in both of our US Large-Cap and US Information Technology Global Top Picks.
  • Allstate Corp (ALL) has agreed to acquire InfoArmour Inc, an identity-protection firm, for $525mm in an all-cash deal. Allstate stock has risen 0.68% to $100.21 in today’s trading. Allstate Corp is rated as ‘Neutral’ in our US Large-Cap Global Top Picks.
  • Chipotle Mexican Grill (CMG) was downgraded to underperform from a neutral at Wedbush, which lowered its price target for Chipotle stock from $450 to $445. Chipotle is trading down 4.24% to $498.63. Chipotle is rated as ‘Neutral’ in our US Large-Cap Global Top Picks, and as ‘Attractive’ in our US Consumer Discretionary Global Top Picks.
  • Gap (GPS) was upgraded to neutral from a sell rating at Citi Group. Gap stocks is up 1.91% to $30.22 following this development. Gap is rated as a ‘Top-Short’ in our US Large-Cap Global Top Picks and as ‘Neutral’ in our US Consumer Discretionary Global Top Picks.
     

US Treasuries

  • US 2-Year Treasury Notes are lower with yields up 2.1 basis points to 2.6412%
  • US 5-Year Treasury Bonds are lower with yields up 3.24 basis points to 2.7446%
  • US 10-Year Treasury Bonds are lower with yields up 3.79 basis points to 2.8477%
  • The US Treasury 2s-5s Spread has widened 1.14 basis points to 0.1%
  • The US Treasury 2s-10s Spread has widened 1.69 basis points to 0.21%
  • US Treasury 5s-10s Spread has widened 0.55 basis points to 0.1%

Currencies

  • EUR€ is currently up 0.568% against the USD$ to 1.1688
  • GBP£ is currently up 0.405% against the USD$ to 1.2898
  • CHF is currently up 0.423% against the USD$ to 1.0212
  • JPY¥ is currently down 0.171% against the USD$ to 111.05

Commodities

  • WTI Crude is currently down -1.59% to USD$68.71/bbl with the Brent-WTI spread up USD$2.07 to USD$6.66/bbl
  • Gold is currently up 0.44% to USD$1210.7/oz

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

S&P 500 Sector ETFs - Intraday

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Russell 1000 Factor ETFs - Intraday

*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

S&P 500 Movers

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Outperformers Sector Price 1D% CHG Volume
Advanced Micro Devices Inc Information Technology 25.6 8.72%    20,483,181.00
Mosaic Co/The Materials 31.2 5.06%          570,013.00
Goodyear Tire & Rubber Co/The Consumer Discretionary 24.7 4.73%          425,155.00
General Motors Co Consumer Discretionary 37.6 4.45%      1,161,389.00
Incyte Corp Health Care 73.2 4.20%          125,990.00
Underperformers Sector Price 1D% CHG Volume
Chipotle Mexican Grill Inc Consumer Discretionary 521 -4.39%            74,295.00
Under Armour Inc Consumer Discretionary 20.8 -3.26%          339,930.00
Under Armour Inc Consumer Discretionary 19.1 -2.89%          232,464.00
Intuit Inc Information Technology 211 -2.66%          443,900.00
Tiffany & Co Consumer Discretionary 128 -2.49%          384,973.00